Economy

Tax incidence:  Tax incidence is the entity on whom tax is imposed. It is the distribution of the overall tax burden between sellers and buyers in an economy.     Tax burden:       It is the total amount of tax paid by a particular group of people, an industry etc especially as compared to what other … Read more Define the following term: (economy)

Base erosion and profit sharing is a tax avoidance strategy by multinational companies, where in profits are shifted from shifted from jurisdiction that have high taxes to jurisdiction that have low tax. Base erosion and profit shifting project is a joint initiative between G20 countries and the OECD , towards the development of a coherent … Read more DMPQ: What is Base erosion and profit sharing? Discuss the provisions of the Base erosion and profit sharing project? (Economy)

The Rashtriya Madhyamik Shiksha Abhiyan is a flagship scheme of Government of India, launched in March, 2009, to enhance access to secondary education and improve its quality. The implementation of the scheme started from 2009-10 to generate human capital and provide sufficient conditions for accelerating growth and development and equity as also quality of life … Read more DMPQ-Rashtriya Madhyamik Shiksha Abhiyan

Industrial Corridor refers to a set of infrastructural spending allocated to a specific geographical area, with the aim of stimulating industrial development. An industrial corridor aims to crease an area with a cluster of manufacturing or other industry. The major Indian Industrial Corridors are: Delhi-Mumbai Industrial Corridor (DMIC); Bengaluru- Mumbai Economic Corridor (BMEC); Chennai-Bengaluru Industrial … Read more DMPQ- List out the major Indian Industrial Corridors of India

The scheme “Upgrading the Skills and Training in Traditional Arts/Crafts for Development (USTTAD) was launched in May, 2015.  “Shilp Utsav” component of the scheme has been implemented through ”National Minorities Development and Finance Corporation (NMDFC) to provide support to minority craftsmen/ artisans for marketing their products. The Ministry has also engaged Knowledge Partners viz. National … Read more DMPQ: Short note on USTTAD Scheme.

Disinvestment, or divestment, refers to the act of a business or government selling or liquidating an asset or subsidiary or the process of dilution of a government’s stake in a PSU (Public Sector Undertaking). The concept of disinvestment follows the dictum: The government has no business to be in business. Thus, the government continues to … Read more DMPQ- What is Disinvestment? Salient features of Disinvestment

Under the Monetary Policy Framework Agreement, the RBI will be responsible for containing inflation targets at 4% (with a standard deviation of 2%) in the medium term. Under Section 45ZA(1) of the RBI Act, 1934, the Central Government determines the inflation target in terms of the Consumer Price Index, once in every five years in … Read more DMPQ- What are the functions of Monetary policy committee (MPC) ? Also mention the process of decision making in the committee.

AIR India is facing a severe crisis and at every functional aspect the PSU is on downward side. AI has a total debt of near about 50,000 cr.  The major reasons for the failure of PSU are as follows: Less income generation in passenger revenue. This is corroborated by the audit report of CAG also. … Read more DMPQ- AIR India is under severe crisis. What are the reasons for its failure although the number of passenger increased drastically in the last decade?

Gender budgeting entails the dissection of government budget to establish its gender differential impacts and to ensure that gender commitments are translated in to budgetary commitments. Gender Budgeting is a powerful tool for achieving gender mainstreaming so as to ensure that benefits of development reach women as much as men. It was adopted in 2005. … Read more DMPQ: What is gender budgeting? What is the rationale behind gender budgeting?

There are disproportionate burden that falls on women and girls due to deficiencies in sanitation facilities.A rapid study conducted in 2016 by WASH Institute and Sambodhiprovides some insight on the burden faced by women:   76 percent of women had to travel a considerable distance to use these facilities. 33 percent of the women have … Read more Lack of access to sanitation is widespread and well documented. The burden faced by women and girls are more due to deficiency in sanitation facility. Comment